In November 2017, after having incorporated Cookie Creations Inc., Natalie begins operations. She has decided not to pursue the offer to supply cookies to Biscuits. Instead, she will focus on offering cooking classes. The following events occur.

1. Natalie purchases $5000 of Cookie Creations common stock.
2. Natalie teaches a group of elementary school students how to make Santa Claus cookies. At the end of the class, Natalie leaves an invoice for $3000- with the school principal. The principal says that he will pass it along to the business office and it will be paid some time in the future
3. Cookie Creations receives $750 in advance from the local school board for five classes that the company will give during December and January.
4. Natalie receives a $500 invoice for use of her cell phone. She uses the cell phone exclusively

for Cookie Creations Inc. business

11 Cookie Creations purchases paper and other office supplies for $2000. (Use Supplies.)

15 Natalie purchased equipment $3000 . Will pay for the equipment in 30 days

15 . Natalie signs a note with the bank for $2,000 cash, for a two-year, 12% note payable. Interest and the principal are repayable at maturity.

15 Pays the cell phone invoice outstanding.

18 Natalie did her first class . She received $1000 cash.

23 Additional revenue during the month for cookie-making classes amounts to $4,000. (Natalie ha $3,000 in cash has been collected and $1,000 is still outstanding.

23 Received a bill from her accountant for $ 800

23 Issues a check to Natalies assistant for $800.

28 Pays a dividend of $500 to the common shareholder

30 Natalie received an advertising bill for $ 1500.

30 Cookie Creations pays $1,200 for a one-year insurance policy.

30 Cookie Creations receives a check for the amount due from the neighborhood school for the class given on November 2.

Additional Information

1. Monthly Depreciation on the equipment is $ 100
2. Accrued interest on the loan is $ 15
3. There were $500 of office supplies left at the end of the month
4. One month of insurance policy expired
5. Earned $ 300 for the entry on Nov 3

PLEASE COMPLETE

1. income statement